Accounts Payable, Accountant

Why DUCA

Were a vibrant exciting credit union that lives its profits with a purpose philosophy in every financial transaction product interest rate and community initiative we offer. Founded in 1954 DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85000 Members we are proud to serve.

We exist to help People Businesses and Communities Do More Be More and Achieve More.

DUCA () is distinguished for the following:

• Positive un-big bank like service experience delivered through Member-facing staff in branch on the phone (Member-Connect) and via our Mobile mortgage specialists Wealth Management advisors and Commercial and Business Banking Account Managers.
• Competitive rates.
• Personalized financial solutions guidance and service with the lowest possible fees for both Personal and Business Members.
• Profit sharing among Members.
• Multiple ways to bankonline mobile app phone/full-service Member Connect Contact Centre and of course in-branchDUCA is accessible 24/7
• A community philosophy of profits with a purpose culminating in the creation of the DUCA Impact Lab () a charitable foundation committed to helping the credit challenged and underbanked. This led to DUCAs designation as a B-Corp certified organization the first ever credit union to receive this global recognition.

A career with DUCA means youll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more Be more and Achieve more with their money and their lives. At DUCA youll be part of a vibrant and collaborative team where youll be supported to excel and make an impact no matter what role you play.

Accounts Payable Accountant

DUCA is currently looking for anAccounts Payable Accountant to join our dynamic team!

Job Purpose & Summary

The Accounts Payable Accountant serves as the primary contact for DUCAs end-to-end accounts payable cycle. This role ensures all invoices are processed and paid accurately and on time while supporting the Finance team with period-end closing activities including reconciliations. This position is independently responsible for the accounts payable function including verifying and reconciling invoices monitoring expenses and maintaining detailed records. Additionally this position prepares journal entries performs account reconciliations and assists with closing processes.

Role: 70% accounts payable 30% accounting reconciliations

Key Accountabilities & Duties

• Organize and identify the nature of invoices to efficiently process them to proper GLs
• Ensure approvals from the appropriate business units in accordance with delegation of authority matrix
• Process weekly payments via cheques wires and EFT for approved invoices and monitor bi-weekly Accounts Payable Aging to ensure timely payment
• Book the bank transfers in the core banking system make credit card payments and ensure accuracy and timeliness.
• Book month-end and year-end accruals book prepayments book journal entries void payments and monitor vendor information where required
• Co-ordinate the transition from cheque and wire payments to EFT payments
• Reconcile vendor statements serve as the point of contact for invoice-related inquiries and resolve issues promptly
• Respond to incoming calls and emails from vendors; address redirect or escalate as appropriate
• Review employee travel and expense reports for proper coding approval and policy compliance; coordinate with employees where required
• Work closely on project related expenses to review and determine appropriate accounting treatment (capital or expense)
• Prepare reconciliations for the month-end and year-end close processes. Investigate and remediate reconciling items by working with internal and external stakeholders.
• Assist with annual audits and business units requests for invoices
• Assist in analyzing and documenting significant periodic expense variances
• Help determine opportunities to streamline processes identify automation opportunities eliminate unnecessary or redundant tasks and improve governance and oversight
• Develop and implement accounts payable procedures by documenting and analyzing current procedures and recommending changes
• Complete other accounting related duties as required

Occupational Experience & Education Requirements

• 2 years of accounts payable related working experience
• Understanding of principles of finance accounting and bookkeeping required
• Degree in (or working towards) Accounting Finance or Commerce considered an asset

Knowledge Skills & Attributes

• Strong analytical and communication skills (written and oral)
• Strong understanding of accounting principles
• Strong mathematical and data entry skills
• Ability to multi-task with a high level of attention to detail and accuracy in a deadline driven environment
• Ability to prioritize tasks and manage an increased workload and demands during peak periods
• Strong computer skills including Microsoft Word Excel and Adobe
• Ability to establish and maintain effective working relationships with co-workers at all levels within the organization
• Strong problem-solving and investigative skills and the ability to make sound recommendations
• Demonstrated discretion and confidentiality when handling sensitive information

Working Conditions

• Normal office environment with standard work week of 38 hours with additional time required to meet deadlines and project deliverables.

Department: Finance

Primary Location: Corporate Office

Employment Status: Full-time

Hours per Week: 38

Number of Existing Vacancies: 1

Salary:The annual salary range for this position is $51904 to$64880. Actual annual base salaries will vary depending on relevant job-related factors such as experience knowledge skills qualifications and education/training.This position may be eligible for discretionary bonuses.

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Our hiring process includes AI screening for keywords and minimum qualifications. Talent Acquisition Partnersreview all results.

Qualified applicants are encouraged to submit their application.Applications must include a resume.

We thank all applicants but only those considered for an interview will be contacted.